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Anthropic commits billions to a 'public benefit fund'

Co-founder and CEO of Anthropic Dario Amodei looks on as US Speaker of the House Mike Johnson speaks to the press after a meeting with technology executives about artificial intelligence at the White House in Washington, DC, on September 29, 2026. The gathering comes quickly after tech giant OpenAI's cancellation of the release of its newest model due to safety concerns, and a series of revelations that the technology had gone rogue. (Photo by Kent NISHIMURA / AFP via Getty Images)
Anthropic said on Sunday that it wants to create a new LLC to fund public-interest initiatives.

Kent NISHIMURA / AFP via Getty Images

  • Anthropic said it wants to create a new LLC with the company's stock as its sole asset.
  • The new LLC, a charitable organization, would receive larger stakes as the company grows.
  • An initial 5% stock funding is "subject to stockholder approval," Anthropic said.

Anthropic said on Sunday that it would set aside large portions of its wealth to support initiatives it believes are in the public interest.

In a blog post, the AI colossus said it aims to establish a separate LLC that would use Anthropic shares to make donations to nonprofits or "direct distributions to specific populations."

The new LLC, called the "Anthropic Public Benefit Fund," would receive larger stakes as the company grows. The company said an initial funding round of 5% of Anthropic's shares is still subject to stockholder approval.

"The Anthropic Public Benefit Fund will have increased flexibility and scale, enabling us to pursue our mission in new ways," the company said.

A 5% stake in Anthropic is worth about $48 billion, according to the company's most recent valuation in May.

In 2025, rival frontier AI company OpenAI established a similar nonprofit foundation with a multibillion-dollar stake in the company to fund public-benefit initiatives.

Read the original article on Business Insider

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Flydubai captain describes blocking axe blows as co-pilot attacked him

Capt Smit Machchhar said he screamed for help as he reached to open the cockpit door on flight FZ1073

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© Photograph: Israel's Foreign Ministry/AFP/Getty Images

© Photograph: Israel's Foreign Ministry/AFP/Getty Images

© Photograph: Israel's Foreign Ministry/AFP/Getty Images

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